And that’s using busted valuations the remit so many prices to fit the “inflation is transitory” narrative.
Costs of literally everything are increasing on a month to month basis, while property values, stocks, bonds, and crypto all seem to be increasing (especially crypto).
The larger global market is likely due for a housing crash in the coming year or two as well, with Chinese property companies barely able to scrape up enough liquid cash to pay the interest on the bonds due.
I don’t see the crypto bull market dropping anytime soon as the global money printing continues to churn at an ever increasing rate.
Just a reminder, if you did not receive at least around a 7% wage hike at your business or job, you lost an incredible amount of purchasing power year over year.
But don’t worry right? “It’s transitory” nothing to see here. Do not look at the man behind the curtain.